Gold Price Faces Resistance at 0.618 Arc
Gold prices are facing resistance at the 0.618 arc on the 30-minute chart, according to an Arc Cycle Analysis. This analysis indicates that bullish momentum has faded near this boundary, suggesting that the upper arc is capping upside expansion.
The 0.618 Resistance Arc continues to act as a primary resistance boundary, capping upside expansion. Bullish attempts have stalled beneath the Resistance Arc, indicating that seller defense remains intact at this cyclical threshold.
If the 0.618 Resistance Arc holds firm, a corrective decline toward $4,415 becomes the primary scenario. Conversely, a sustained 30-minute candle close above $4,428 would invalidate the bearish setup, opening the path toward the outer Resistance Arc 0.786.